Imagine a new kind of internet where all the content you consume is more personalized to you than ever; technology truly understands everything you say, whether it be through text, voice, or other media. The web is about to enter a new stage of its evolution. Early adopters have dubbed it Web 3.0.
There may be a few early-stage Online 3.0 applications presently available, but their full potential cannot be realized until the new internet is fully integrated into the web infrastructure.
The evolution of the Web
Werner Vermaak / Web 3.0 | The concept of Web3.0 implies data ownership and decentralized control
The earliest Internet version we were aware of was referred to as Web 1.0. Content Distribution Network (CDN) is a read-only, instantaneous network with a client-server architecture where consumers primarily consume content produced by a small number of publishers. The difficult-to-read network was inundated with HTML code, advertisements, and web forms.
About ten years later, Web 2.0 emerged with the emergence of blogging, social media, and e-commerce, revolutionizing social interactions. A new Internet that enabled users and communities to collaborate with one another: read & write was a reality. It featured dynamic content, web apps, cloud services, XML, RSS, and other technologies.
A semantic internet, which enhances the web technologies needed to generate, exchange, and connect content through data analysis, based on the capacity to understand the meaning of words instead of keywords or numbers, replaced Web 2.0 just ten years ago. A brand-new Internet with networked gadgets, 3D graphics, live streaming, mobile apps, artificial intelligence, blockchain technology, and digital currency that enables omnichannel marketing anywhere. Welcome to the read, write, and execute (or Web 3.0) cosmos, where we may create, share, and carry out contracts on the Internet.
What is Web 3.0
Henry Sraigman/ Pinterest | This web was mainly oriented to information and slowly but gradually shifted to a consumer-driven space
A potential future iteration of the internet known as Web 3.0 is built on public blockchains, a database best known for facilitating cryptocurrency exchanges. Web 3.0 is appealing because it is decentralized, which means that instead of customers using services that are mediated by businesses like Google, Apple, or Facebook, users themselves own and control portions of the internet.
Web 3.0 does not require "permission" or "trust," which means that central authorities cannot control who has access to what services. It also does not require an intermediary for virtual transactions to take place between two or more parties. Web 3.0 technically preserves user privacy better because these organizations and intermediaries conduct most of the data collection.
Blockchain: the cornerstone of Web 3.0
Pixabay/ Pexels | Web3 cryptos are a new wave of cryptocurrencies that focus on making the decentralized vision of Web3 a reality
Blockchain technology is a peer-to-peer network that maintains a record of information and transactions in the form of blocks. Using a cryptographic hash to link the blocks into a single list or chain, the records become unchangeable, and a secure data structure is produced. The blockchain is fully maintained by all parties involved in transaction verification and a sizable number of third parties, resulting in a strong and dispersed network.
The most important aspect of web 3.0 examples, such as Siri and Alexa voice assistants, shows how machine learning can develop a new array of internet services. Other than the signs of introducing machine learning and connecting machines through IoT, the third generation of the internet would run on decentralized protocols. Therefore, it is important to find a possible convergence of blockchain in web 3.0.
